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eCapital Provides $6MM Asset-Based Lending Facility for Building Materials Company

February 16, 2022, 07:32 AM
Filed Under: Building Supplies

eCapital Commercial Finance’s  Asset Based Lending division, announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.

The flooring company is rapidly growing and needed a lender to accommodate their expansion. Not only will eCapital match the company’s need for quick access to working capital today, but it provided the financing needed for the company to meet the demands fueled by an influx in the housing industry.

“With the recent housing market boom, companies that supply products for building new homes and renovating homes are in high demand,” said Kyle Wilson, SVP Sales Director Business Development of eCapital Commercial Finance. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production.”

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